Tax
Sep. 11, 2023
US judge tosses challenge to ‘mansion tax,’ state case remains
“In this case it’s killed the real estate market. Lenders are not lending here. Investors not investing in multiunit housing. We wanted the opportunity to prove it’s to the detriment of the public,” said plaintiff’s attorney Keith M. Fromm.
A federal judge has dismissed a legal challenge to a new property transfer tax in Los Angeles, finding that U.S. District Court is not the right venue under the Tax Injunction Act.
The ruling relegates efforts to overturn Measure ULA, the so-called “mansion tax,” to the state trial court, where the same plaintiffs are attempting to challenge the law passed by voters last year.
Keith M. Fromm, who represents pl...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In